Lab Automation Software Market
PUBLISHED: 2022 ID: SMRC21980
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Lab Automation Software Market

Lab Automation Software Market Forecasts to 2028 - Global Analysis By Software (Chromatography, Data System (CDS), Laboratory Information Management System (LIMS), Laboratory Information System (LIS), Scientific Data Management System (SDMS), Electronic Lab Notebook (ELN), Other Softwares), Application (Proteomics, Drug Discovery and Development, Clinical Diagnostics, Genomics, Other Applications), and Geography

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4.1 (93 reviews)
Published: 2022 ID: SMRC21980

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $13,760 MN

Projected Year Value (2028)

US $22,201 MN

CAGR (2022 - 2028)

8.3%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Fastest Growing Market

North America


According to Stratistics MRC, the Global Lab Automation Software Market is accounted for $13,760 million in 2022 and is expected to reach $22,201 million by 2028 growing at a CAGR of 8.3% during the forecast period. Lab automation software is an effective tool that aids in standardising real-time analysis while removing specialised data handling, which is frequently prone to error.

According to NIH (National Institutes for Health), Human genome funding by the NIH was around 4.43 billion U.S. dollars in 2021, which is estimated at 4.55 billion U.S. dollars in 2022. According to India Brand Equity Foundation (IBEF), pharmaceutical companies invested 8.8% of their sales in R&D.



Market Dynamics:

Driver:

Increasing R&D investments in pharmaceuticals

Biotechnology as well as pharmaceutical companies is majorly investing in research and development to gather the rising requirements of health care sector. Furthermore, collaborations and partnerships among stakeholders of healthcare and pharma companies for research and development interested in therapeutics will encourage lab automation software.

Restraint:

Slow adoption of automation among SMEs laboratories

Owing to funds limitation, various small and medium sized laboratories are finding it complicated to choose lab automation software. The high preservation as well as service costs related to laboratory informatics solutions structures a main restraint.

Opportunity:

Improving healthcare infrastructure across emerging countries


Makers and distributors of Lab Automation Software products are anticipated to benefit significantly from emerging markets. Increased sales of lab automation products are a result of the rising demand for clinical diagnostic processes. Major product manufacturers are expanding their distribution networks and manufacturing capacities to increase their penetration into emerging markets.

Threat:

Limited feasibility with technology integration in analytical labs

The difficulties in transferring data and establishing communication standards across automated instruments, the evolving nature of laboratory work necessitates automated systems with increased flexibility and interface capabilities. This makes lab automation difficult. Providing solutions that are interoperable with other laboratory systems is a significant problem for providers of lab automation solutions.

Covid-19 Impact

Diagnostic laboratories have had to scale up services and increase testing capabilities in response to COVID-19, which has increased the pressure on both physical infrastructure and data management systems. Expanding digital operations without extending high-throughput testing capabilities might restrict the benefits automation brings and perhaps affect the reliability of outcomes. The COVID-19 pandemic has increased pressure on pharma and clinical labs while also stepping up drug discovery and research activities.

The laboratory information management system segment is expected to be the largest during the forecast period

The laboratory information management system segment is estimated to have a lucrative growth, due to rise in sample volumes, demand for diagnostic testing from the growing aged population, increasing pressure to fulfil with regulations, mounting necessitate integrating healthcare systems, a move from legacy systems to commercial off-the-shelf LIMS solutions, in addition to technological advancements in LIMS products. Furthermore, the financial support for tests, leads to a boost in laboratory information and data.

The Clinical Diagnostics segment is expected to have the highest CAGR during the forecast period

The Clinical Diagnostics segment is anticipated to witness the fastest CAGR growth during the forecast period, due to developments in technology, a rise in the number of automated systems being supplied by market players, and a rise in the utilisation of automated systems as a result of advantages including lowered contamination risk and elimination of human error. By automating clinical diagnostic facilities, staff handling of biological samples, particularly sample transport, sub sampling, analytical processes, and waste management, is reduced.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to quick growth in the pharmaceuticals market in this region. The expansion can be attributed to the improved investment in pharmaceutical research and development. In addition, Asia Pacific region is model for conducting pharmaceutical research due to the great team of heterogeneous population groups, distinct other continents. This region is considered the most preferred to outsource pharmaceutical research, owing to the availability of skilled labour and lower cost required to develop drugs.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to obtain more research contracts, businesses are moving toward CRO (contract research organisation) partnerships, which have benefitted this region the most. Drug companies are choosing automated lab software that can decrease the errors, cost, and time associated with the discovery of the drug because time and money are the two most important considerations for development. The robust economic performance that permits major upgrading and investments in new technologies may be the primary cause of the large proportion of the aforementioned regional category.



Key players in the market

Some of the key players profiled in the Lab Automation Software Market include Danaher Corporation, Synchron Lab Automation, Siemens Healthineers AG, Perkinelmer Inc., Bio-Rad Laboratories Inc., Thermo Fisher Scientific, Eppendorf AG, Green Scientific Labs Holdings Inc., Biosero, Scispot, Veeva Vault LIMS, Promium, L.L.C., Lab Vantage Solutions, Honeywell International, Roche Holding AG, Agilent Technologies, Hudson Robotics, Aurora Biomed, Becton Dickinson and Tecan Group Ltd.

Key Developments:

In July 2022, Green Scientific Labs Holdings Inc. has launched a laboratory information management system (LIMS) for immediate use across all its laboratory operations. The company's proprietary LIMS technology has a robust set of cutting-edge features, including Artificial Intelligence to provide compliance with state regulations on COAs, real-time turnaround time (TAT) tracking to identify bottlenecks and to provide industry-leading testing times, digital batch downloading, and real time audit logs that compile a record of events and changes within the software.

In March 2022, Biosero has launched several new products and features in its Green Button Go software suite. These products work together to provide a range of advanced capabilities that help customers streamline, control, and generate better results from their automated lab systems. Green Button Go software from Biosero enables scientists to automate workflows ranging from a single workstation to operations spanning multiple labs.

In September 2021, Veeva Vault LIMS is a new cloud application from Veeva Systems designed to modernize quality control (QC) lab operations. By incorporating Vault LIMS into Veeva Vault Quality Suite, manufacturing organizations can seamlessly connect their lab operations with the broader quality ecosystem. This will speed up the batch release and lower inventory costs by streamlining sample management, test execution, and lab investigation processes.

In July 2021, LabVantage Solutions, Inc has launched the 8.7 edition of its flagship LabVantage LIMS designed to provide a secure self-service web portal for the lab’s external clients. With the upgraded LabVantage LIMS 8.7, customers can extend appropriate access rights outside the laboratory via the Portal while protecting their valuable and sensitive data, eschewing the need for manual requests for tests and other services.

Softwares Covered:
• Chromatography Data System (CDS)
• Laboratory Information Management System (LIMS)
• Laboratory Information System (LIS)
• Scientific Data Management System (SDMS)
• Electronic Lab Notebook (ELN)
• Other Softwares

Applications Covered:
• Proteomics
• Drug Discovery and Development
• Clinical Diagnostics
• Genomics
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Lab Automation Software Market, By Software
5.1 Introduction
5.2 Chromatography Data System (CDS)
5.3 Laboratory Information Management System (LIMS)
5.4 Laboratory Information System (LIS)
5.5 Scientific Data Management System (SDMS)
5.6 Electronic Lab Notebook (ELN)
5.7 Other Softwares

6 Global Lab Automation Software Market, By Application
6.1 Introduction
6.2 Proteomics
6.3 Drug Discovery and Development
6.4 Clinical Diagnostics
6.5 Genomics
6.6 Other Applications

7 Global Lab Automation Software Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa

8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies

9 Company Profiling
9.1 Danaher Corporation
9.2 Synchron Lab Automation
9.3 Siemens Healthineers AG
9.4 Perkinelmer Inc.
9.5 Bio-Rad Laboratories Inc.
9.6 Thermo Fisher Scientific
9.7 Eppendorf AG
9.8 Green Scientific Labs Holdings Inc.
9.9 Biosero
9.10 Scispot
9.11 Veeva Vault LIMS
9.12 Promium, L.L.C.
9.13 LabVantage Solutions
9.14 Honeywell International
9.15 Roche Holding AG
9.16 Agilent Technologies
9.17 Hudson Robotics
9.18 Aurora Biomed
9.19 Becton Dickinson
9.20 Tecan Group Ltd

List of Tables
1 Global Lab Automation Software Market Outlook, By Region (2020-2028) ($MN)
2 Global Lab Automation Software Market Outlook, By Software (2020-2028) ($MN)
3 Global Lab Automation Software Market Outlook, By Chromatography Data System (CDS) (2020-2028) ($MN)
4 Global Lab Automation Software Market Outlook, By Laboratory Information Management System (LIMS) (2020-2028) ($MN)
5 Global Lab Automation Software Market Outlook, By Laboratory Information System (LIS) (2020-2028) ($MN)
6 Global Lab Automation Software Market Outlook, By Scientific Data Management System (SDMS) (2020-2028) ($MN)
7 Global Lab Automation Software Market Outlook, By Electronic Lab Notebook (ELN) (2020-2028) ($MN)
8 Global Lab Automation Software Market Outlook, By Other Softwares (2020-2028) ($MN)
9 Global Lab Automation Software Market Outlook, By Application (2020-2028) ($MN)
10 Global Lab Automation Software Market Outlook, By Proteomics (2020-2028) ($MN)
11 Global Lab Automation Software Market Outlook, By Drug Discovery and Development (2020-2028) ($MN)
12 Global Lab Automation Software Market Outlook, By Clinical Diagnostics (2020-2028) ($MN)
13 Global Lab Automation Software Market Outlook, By Genomics (2020-2028) ($MN)
14 Global Lab Automation Software Market Outlook, By Other Applications (2020-2028) ($MN)
15 North America Lab Automation Software Market Outlook, By Country (2020-2028) ($MN)
16 North America Lab Automation Software Market Outlook, By Software (2020-2028) ($MN)
17 North America Lab Automation Software Market Outlook, By Chromatography Data System (CDS) (2020-2028) ($MN)
18 North America Lab Automation Software Market Outlook, By Laboratory Information Management System (LIMS) (2020-2028) ($MN)
19 North America Lab Automation Software Market Outlook, By Laboratory Information System (LIS) (2020-2028) ($MN)
20 North America Lab Automation Software Market Outlook, By Scientific Data Management System (SDMS) (2020-2028) ($MN)
21 North America Lab Automation Software Market Outlook, By Electronic Lab Notebook (ELN) (2020-2028) ($MN)
22 North America Lab Automation Software Market Outlook, By Other Softwares (2020-2028) ($MN)
23 North America Lab Automation Software Market Outlook, By Application (2020-2028) ($MN)
24 North America Lab Automation Software Market Outlook, By Proteomics (2020-2028) ($MN)
25 North America Lab Automation Software Market Outlook, By Drug Discovery and Development (2020-2028) ($MN)
26 North America Lab Automation Software Market Outlook, By Clinical Diagnostics (2020-2028) ($MN)
27 North America Lab Automation Software Market Outlook, By Genomics (2020-2028) ($MN)
28 North America Lab Automation Software Market Outlook, By Other Applications (2020-2028) ($MN)
29 Europe Lab Automation Software Market Outlook, By Country (2020-2028) ($MN)
30 Europe Lab Automation Software Market Outlook, By Software (2020-2028) ($MN)
31 Europe Lab Automation Software Market Outlook, By Chromatography Data System (CDS) (2020-2028) ($MN)
32 Europe Lab Automation Software Market Outlook, By Laboratory Information Management System (LIMS) (2020-2028) ($MN)
33 Europe Lab Automation Software Market Outlook, By Laboratory Information System (LIS) (2020-2028) ($MN)
34 Europe Lab Automation Software Market Outlook, By Scientific Data Management System (SDMS) (2020-2028) ($MN)
35 Europe Lab Automation Software Market Outlook, By Electronic Lab Notebook (ELN) (2020-2028) ($MN)
36 Europe Lab Automation Software Market Outlook, By Other Softwares (2020-2028) ($MN)
37 Europe Lab Automation Software Market Outlook, By Application (2020-2028) ($MN)
38 Europe Lab Automation Software Market Outlook, By Proteomics (2020-2028) ($MN)
39 Europe Lab Automation Software Market Outlook, By Drug Discovery and Development (2020-2028) ($MN)
40 Europe Lab Automation Software Market Outlook, By Clinical Diagnostics (2020-2028) ($MN)
41 Europe Lab Automation Software Market Outlook, By Genomics (2020-2028) ($MN)
42 Europe Lab Automation Software Market Outlook, By Other Applications (2020-2028) ($MN)
43 Asia Pacific Lab Automation Software Market Outlook, By Country (2020-2028) ($MN)
44 Asia Pacific Lab Automation Software Market Outlook, By Software (2020-2028) ($MN)
45 Asia Pacific Lab Automation Software Market Outlook, By Chromatography Data System (CDS) (2020-2028) ($MN)
46 Asia Pacific Lab Automation Software Market Outlook, By Laboratory Information Management System (LIMS) (2020-2028) ($MN)
47 Asia Pacific Lab Automation Software Market Outlook, By Laboratory Information System (LIS) (2020-2028) ($MN)
48 Asia Pacific Lab Automation Software Market Outlook, By Scientific Data Management System (SDMS) (2020-2028) ($MN)
49 Asia Pacific Lab Automation Software Market Outlook, By Electronic Lab Notebook (ELN) (2020-2028) ($MN)
50 Asia Pacific Lab Automation Software Market Outlook, By Other Softwares (2020-2028) ($MN)
51 Asia Pacific Lab Automation Software Market Outlook, By Application (2020-2028) ($MN)
52 Asia Pacific Lab Automation Software Market Outlook, By Proteomics (2020-2028) ($MN)
53 Asia Pacific Lab Automation Software Market Outlook, By Drug Discovery and Development (2020-2028) ($MN)
54 Asia Pacific Lab Automation Software Market Outlook, By Clinical Diagnostics (2020-2028) ($MN)
55 Asia Pacific Lab Automation Software Market Outlook, By Genomics (2020-2028) ($MN)
56 Asia Pacific Lab Automation Software Market Outlook, By Other Applications (2020-2028) ($MN)
57 South America Lab Automation Software Market Outlook, By Country (2020-2028) ($MN)
58 South America Lab Automation Software Market Outlook, By Software (2020-2028) ($MN)
59 South America Lab Automation Software Market Outlook, By Chromatography Data System (CDS) (2020-2028) ($MN)
60 South America Lab Automation Software Market Outlook, By Laboratory Information Management System (LIMS) (2020-2028) ($MN)
61 South America Lab Automation Software Market Outlook, By Laboratory Information System (LIS) (2020-2028) ($MN)
62 South America Lab Automation Software Market Outlook, By Scientific Data Management System (SDMS) (2020-2028) ($MN)
63 South America Lab Automation Software Market Outlook, By Electronic Lab Notebook (ELN) (2020-2028) ($MN)
64 South America Lab Automation Software Market Outlook, By Other Softwares (2020-2028) ($MN)
65 South America Lab Automation Software Market Outlook, By Application (2020-2028) ($MN)
66 South America Lab Automation Software Market Outlook, By Proteomics (2020-2028) ($MN)
67 South America Lab Automation Software Market Outlook, By Drug Discovery and Development (2020-2028) ($MN)
68 South America Lab Automation Software Market Outlook, By Clinical Diagnostics (2020-2028) ($MN)
69 South America Lab Automation Software Market Outlook, By Genomics (2020-2028) ($MN)
70 South America Lab Automation Software Market Outlook, By Other Applications (2020-2028) ($MN)
71 Middle East & Africa Lab Automation Software Market Outlook, By Country (2020-2028) ($MN)
72 Middle East & Africa Lab Automation Software Market Outlook, By Software (2020-2028) ($MN)
73 Middle East & Africa Lab Automation Software Market Outlook, By Chromatography Data System (CDS) (2020-2028) ($MN)
74 Middle East & Africa Lab Automation Software Market Outlook, By Laboratory Information Management System (LIMS) (2020-2028) ($MN)
75 Middle East & Africa Lab Automation Software Market Outlook, By Laboratory Information System (LIS) (2020-2028) ($MN)
76 Middle East & Africa Lab Automation Software Market Outlook, By Scientific Data Management System (SDMS) (2020-2028) ($MN)
77 Middle East & Africa Lab Automation Software Market Outlook, By Electronic Lab Notebook (ELN) (2020-2028) ($MN)
78 Middle East & Africa Lab Automation Software Market Outlook, By Other Softwares (2020-2028) ($MN)
79 Middle East & Africa Lab Automation Software Market Outlook, By Application (2020-2028) ($MN)
80 Middle East & Africa Lab Automation Software Market Outlook, By Proteomics (2020-2028) ($MN)
81 Middle East & Africa Lab Automation Software Market Outlook, By Drug Discovery and Development (2020-2028) ($MN)
82 Middle East & Africa Lab Automation Software Market Outlook, By Clinical Diagnostics (2020-2028) ($MN)
83 Middle East & Africa Lab Automation Software Market Outlook, By Genomics (2020-2028) ($MN)
84 Middle East & Africa Lab Automation Software Market Outlook, By Other Applications (2020-2028) ($MN)
 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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